EFFECT OF FRAUD ON THE NIGERIAN BANKING INDUSTRY (A CASE STUDY OF FIDELITY BANK)
Abstract
BSTRACT
The study empirically assessed the effect of fraud on the Nigerian banking industry. A sample of 100 respondents was drawn from the population using random sampling technique and on whom questionnaires were administered. Only 80 questionnaires were retrieved based on which the analyses were carried out. The data collected were analyzed with descriptive statistics such as frequency tables and percentages; while inferential statistics, chi-square was used to test the hypothesis. The findings revealed that Fraud has significant effect on performance of banking industry in Nigeria. It was also found that fraud affects liquidity in banking industry in Nigeria. It is, therefore, recommended that management of banks should emphasize regular training and re-training of staff enable them know their responsibilities very especially those relating to honesty. Banking procedures must as well be strictly observed and followed to reduce the incidence of fraud and forgeries. Payments to third parties, especially strangers, should be carefully and properly verified by competent senior banking st
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.